📈 BTC Still the Unshakable Anchor – Or Just Catching Its Breath?
BTC dominance creeping back over 59%. That's the number staring back at me this week. Not screaming euphoria, not plunging into alt season chaos either. Just steady. Quiet accumulation beneath the surface while broader markets throw tantrums.
I've been through these phases before – 2018's slow bleed, 2022's capitulation waves. Right now feels different. Risk-off mood gripping equities, gold hitting highs, yet Bitcoin holds flat, barely budging while the global cap dips slightly. It's acting like the mature asset it's becoming. Institutional rails keep flowing in, spot ETFs quietly soaking up supply without fanfare. On-chain, exchange balances keep trending lower – whales aren't dumping, they're positioning.
Don't get me wrong, the bear case lurks. If macro overlays worsen – rate cut delays, geopolitical flares – we could see liquidity grabs lower, testing those yearly opens I scaled into myself back in early January. But the structure? Clean higher lows since the 2025 correction. Volume profiles thinning on downside wicks, thicker on upside probes. Relative to the top 10, BTC's not leading the 7-day charge – that's handed to names like ETH and SOL – yet dominance ticking up tells me money rotates back here first when uncertainty hits.
It's the fortress in this cycle. Not flashy, but resilient. The kind of setup where patient hands get rewarded, while over-leveraged chasers get rinsed on fakeouts.
You holding core BTC through this consolidation or trimming for alt dips? What's your read on dominance – peak or just reloading? How much macro risk are you baking in right now?
